(TRANSLATION)
This brief statement on FY2009 (ending January 31,2010) is released pursuant to the requirements under the
listing rules of, and reported to, the Tokyo Stock Exchange.

1

Brief Statement on Consolidated Financial Results for the First Quarter
(ended April 30, 2009) of Fiscal Year 2009 (ending January 31, 2010)

May 29, 2009
TSE First Section
Company name: SUMCO Corporation
Code: 3436 URL: http://www.sumcosi.com/
Representative: Kenjiro Shigematsu, President

Contact person: Hiroshi Shibuya, General Manager, Public Relations & IR Department (Tel: +81-3-5444-3915)
Scheduled date of filing of quarterly security report: June 15, 2009
Scheduled date of commencement of dividend payment: --
(Amounts smaller than one million yen are rounded down)
1.

Consolidated Business Results for First Quarter (February 1, 2009–April 30, 2009) of Fiscal
Year 2009 (ending January 31, 2010)

(1)

Consolidated Financial and Operating Results (fiscal year-to-date)
(Percentages indicate year-on-year changes)

Net sales
Operating profit
Ordinary profit
Net income

(million yen)
(%)
(million yen)
(%)
(million yen)
(%)
(million yen)
(%)
Q1 of FY2009
39,398
― (31,279)
― (36,285)

― (26,815)
―
Q1 of FY2008
113,258 1.9 24,697 (28.1)
22,695 (32.1) 12,173 (33.1)
Net income per share for quarter
Diluted net income per share for quarter

(yen) (yen)
Q1 of FY2009
(104.04)
―
Q1 of FY2008
49.05
―

(2) Consolidated Financial Position

Total assets
Net assets
Shareholders’ equity ratio
Net assets per share

(million yen)
(million yen)
(%)
(yen)
Q1 of FY2009
741,068
361,811
45.6
1,311.25
FY2008 733,897
389,521
49.8
1,419.24
(Reference) Shareholders’ equity: Q1 of FY2009: 337,972 million yen; FY2008: 365,807 million yen

2. Dividend Payments

Dividends per share
(Record date)
First quarter
Second quarter Third
quarter
Year-end
Full
year

(yen) (yen)
(yen)
(yen) (yen)
FY2008
― 27.50
― 12.50
40.00
FY2009
―
FY2009 (Forecast)
0.00
―
―
―
(Notes)
(1) Revision made in forecast of dividend payments for the current quarter: Yes
(2) Dividends per share for the fiscal year ending January 31, 2010, are yet to be determined.



SUMCO Corporation: Consolidated Financial Results for First Quarter of FY2009
2
3. Consolidated Business Results Forecast for Fiscal Year 2009 (ending January 31, 2010)

(Percentages indicate year-on-year changes)

Net sales
Operating profit
Ordinary profit
Net income
Net income
per share

(million yen)
(％)
(million yen)
(％)
(million yen)
(％)
(million yen)
(％)
(yen)
First half
85,000
― (58,000)
―
(70,000)
―
(50,000)
― (193.99)
Full year
―
―
―
―
―
―
―
―
―
(Notes)
(1) Revision made in consolidated business results forecast for the current quarter: Yes
(2) Forecast of full-year results for the fiscal year ending January 31, 2010 is currently uncertain.

4. Others

(1)

Changes in important subsidiaries during the period under review (changes in specific subsidiaries involving
modifications to the scope of consolidation): No

(2)

Application of simplified or special accounting methods in arrangement of consolidated quarterly financial
statements: No

(3)

Changes in accounting principles, procedures and representations in arrangement of consolidated quarterly
financial statements (as described in “Modifications to Important Matters Forming the Basis of Arrangement
of Consolidated Financial Statements”)
[1] Changes associated with revision of accounting standards, etc.: Yes
[2] Changes other than [1]: No
(Note: For details, refer to “4. Others” under “Qualitative Information and Financial Statements” on page 4.)

(4)

Number of issued shares (common stock)
[1] Issued shares as of end of period (including treasury stock):
257,751,739 shares as of end of first quarter of FY2009; 257,751,739 shares as of end of FY2008
[2] Treasury stock as of end of period:
3,313 shares as of end of first quarter of FY2009; 3,113 shares as of end of FY2008
[3] Average number of shares during period (consolidated, fiscal year-to-date):
257,748,523 shares during first quarter of FY2009; 248,206,954 shares during first quarter of FY2008
* Explanations regarding appropriate use of forecasts of results and other special instructions:
1.

Full-year results for fiscal year ending January 31, 2010, are uncertain as of the present time because
prevailing conditions make it difficult to forecast the results for the second half. The Company will announce
its forecasts for full-year results as soon as it is in a position to do so. For details, refer to “Qualitative
Information on Forecasts of Consolidated Business Results” on page 3.

2.

Regarding the forecast of dividends per share for the first half of the fiscal year ending January 31, 2010, the
Company has revised its forecast and has decided to forego the payment of dividends. For details, refer to
“Announcement of Revision of Dividend Forecast for Fiscal Year 2009” which has been separately
announced.

Dividends per share for the fiscal year ending January 31, 2010, is yet to be determined because the forecast
of full-year results for the period are uncertain at present. The Company will announce its forecast of
dividends for the period as soon as it is in a position to do so.

3.

Beginning with the current consolidated fiscal year, the Company is applying ASBJ Statement No. 12:
Accounting Standard for Quarterly Financial Reporting and ASBJ Statement No. 14: Guidance on Accounting
Standard for Quarterly Financial Reporting. Furthermore, the Company is arranging its consolidated
quarterly financial statements in accordance to Rules for Quarterly Consolidated Financial Reporting.

Forecasts of results and other forward-looking statements contained in this Brief Statement on Consolidated
Financial Results are based on assumptions that the Company considers to be reasonable based on information
currently available to it. Actual results may differ significantly from those projected in the forward-looking
statements as a result of various factors.

SUMCO Corporation: Consolidated Financial Results for First Quarter of FY2009
3
Qualitative Information and Financial Statements

1. Qualitative Information on Consolidated Business Performance

During the quarter under review, demand in markets for semiconductor devices and silicon wafers began to show
signs of recovery after the start of the new calendar year. However, the Company continues to face severe
conditions due to the impact of the sharp downturn in demand beginning in the autumn of 2008. Demand for
silicon wafers for use in solar energy cells has also been stagnant.

In this business environment, the SUMCO Group continued to implement management measures to scale back on
capital investment, overhaul its operational structure and reduce its labor costs and other expenses.
Notwithstanding these efforts, business and operational results remained at severe levels.

Pursuant to the revision of the Corporation Tax Act, the durable years of equipment used by the Company and its
consolidated domestic subsidiaries in the manufacture of silicon wafers for semiconductors was reviewed and
shortened from seven years to five years beginning with the current quarter. As a result of this change,
depreciation expenses at the operating profit/loss stage increased by 4,538 million yen as compared to the previous
method.

Regarding 300 mm wafer manufacturing equipment, the Company began amortizing its currently operable
equipment in the current quarter from the perspective of ensuring financial soundness. As a result of this change,
the Company recorded depreciation expenses of 4,362 million yen in its non-operating expenses.

For certain subsidiaries, it was decided not to register deferred income tax assets.

As a result, for the current quarter, the SUMCO Group registered consolidated net sales of 39,398 million yen,
operating loss of 31,279 million yen, ordinary loss of 36,285 million yen, and net loss of 26,815 million yen.
2.

Qualitative Information on Consolidated Financial Position

Total assets at the end of the current quarter amounted to 741,068 million yen, an increase of 7,171 million yen
over the end of the previous fiscal year. This was mainly due to the following developments. Tangible fixed assets
decreased by 12,026 million yen as a result of depreciation charges, and notes and accounts receivable decreased
by 13,385 million yen due to deterioration of semiconductor market conditions. On the other hand, cash and time
deposits increased by 28,199 million yen.

Total liabilities at the end of the current fiscal quarter amounted to 379,257 million yen, an increase of 34,881
million yen from the end of the previous fiscal year. The main contributing factors were a decrease of 15,871
million yen in notes and accounts payable and an increase of 55,903 million yen in long-term loans payable.

As a result, net assets amounted to 361,811 million yen, down 27,710 million yen from the end of the previous
fiscal year. This primarily reflected a decrease of 30,036 million yen in retained earnings that was mainly due to
the net quarterly loss of 26,815 million yen and dividend payments of 3,221 million yen in the previous quarter.
3.

Qualitative Information on Forecasts of Consolidated Business Results
(1)

Revision of business results forecast for the first half of FY2009 (six-month cumulative to second quarter) As indicated under “1. Qualitative Information on Consolidated Business Performance” above, forecasts have
been revised downward as shown in the table below. The revision was mainly due to the recording of
depreciation expenses under non-operating expenses and the decision not to register deferred income tax
assets for certain subsidiaries.

Forecast of Consolidated Results: First Half (February 1, 2009–July 31, 2009) of FY2009
Net sales

(million yen)
Operating
profit
(million yen)
Ordinary
profit
(million yen)
Net income

(million yen)
Net income
per share
(yen)
Previous forecast (A)
85,000
(58,000)
(60,000)
(37,000)
(143.55)
Revised forecast (B)
85,000
(58,000)
(70,000)
(50,000)
(193.99)
Amount of change (B – A)
0
0
(10,000)
(13,000)
―
Rate of change (%)
―
― (16.7%)
(35.1%)
―
(Reference) Results for first half of FY2008

227,161

47,284

46,591

25,610

102.36

SUMCO Corporation: Consolidated Financial Results for First Quarter of FY2009
4
(2)

Indeterminate full-year forecast of results While there are some signs of recovery in the markets for semiconductor devices and silicon wafers, the
outlook for markets remains highly uncertain and does not allow the Company to make predictions at this
time. For these reasons, a full-year forecast cannot be made at the present time.
4.

Others

(1) Changes in important subsidiaries during the period under review (changes in specific subsidiaries involving
modifications to the scope of consolidation): None

(2) Changes in accounting principles, procedures and representations in arrangement of consolidated quarterly
financial statements:

Application of ASBJ Statement No. 12: Accounting Standard for Quarterly Financial Reporting and ASBJ
Statement No. 14: Guidance on Accounting Standard for Quarterly Financial Reporting:

Beginning with the current consolidated fiscal year, the Company is applying ASBJ Statement No. 12:
Accounting Standard for Quarterly Financial Reporting and ASBJ Statement No. 14: Guidance on Accounting
Standard for Quarterly Financial Reporting. Furthermore, the Company is arranging its consolidated
quarterly financial statements in accordance to Rules for Quarterly Consolidated Financial Reporting.

SUMCO Corporation: Consolidated Financial Results for First Quarter of FY2009
5
5.

Consolidated Financial Statements

(1)

Consolidated Balance Sheet for First Three Months
(million yen)

End of first three months
(April 30, 2009)
End of previous fiscal year
(January 31, 2009)
Assets

Current assets

Cash and time deposits
82,154
53,955
Notes and accounts receivable
32,229 45,614
Merchandise and finished goods
13,910
20,775
Work in process
20,448 17,696
Raw materials and supplies
44,366
45,072
Others
26,518 19,948
Allowance for doubtful accounts
(2,059)
(3,134)
Total current assets
217,569 199,928
Fixed assets
Tangible fixed assets
Buildings and structures (net)
135,168
125,598
Machinery and transportation equipment
(net)
220,563 195,461
Land
20,606
20,574
Construction in progress
46,225 92,869
Others (net)
2,750
2,836
Total tangible fixed assets
425,313 437,339
Intangible fixed assets
Goodwill
39,556 40,315
Others
6,927
7,130
Total intangible fixes assets
46,484 47,445
Investments and other assets
Investment securities
1,243 845
Others
51,815
48,338
Allowance for doubtful accounts
(1,356) (1)
Total investments and other assets
51,701
49,183
Total fixed assets
523,499 533,968
Total assets
741,068
733,897
Liabilities
Current liabilities
Notes and accounts payable
17,036 32,908
Short-term loans payable
110,847
106,112
Income taxes, etc. payable
865 4,048
Allowances
7,389
5,041
Others
40,664 63,832
Total current liabilities
176,802
211,944
Fixed liabilities
Long-term loans payable
153,423
97,520
Allowance for employee retirement benefits
16,845 16,555